Diamant Asset Management Inc. Grows Position in Danaher Corporation $DHR

Diamant Asset Management Inc. raised its holdings in shares of Danaher Corporation (NYSE:DHR) by 18,239.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 459,780 shares of the conglomerate’s stock after buying an additional 457,273 shares during the quarter. Diamant Asset Management Inc.’s holdings in Danaher were worth $87,174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisbourg Investments Inc. increased its stake in Danaher by 5.7% during the first quarter. Louisbourg Investments Inc. now owns 19,094 shares of the conglomerate’s stock worth $3,620,000 after acquiring an additional 1,030 shares during the last quarter. Cornerstone Wealth Group LLC boosted its stake in Danaher by 11.1% during the first quarter. Cornerstone Wealth Group LLC now owns 23,729 shares of the conglomerate’s stock worth $4,616,000 after buying an additional 2,374 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Danaher by 0.8% in the first quarter. Pictet Asset Management Holding SA now owns 669,398 shares of the conglomerate’s stock valued at $126,837,000 after acquiring an additional 4,995 shares during the period. Union Bancaire Privee UBP SA lifted its holdings in shares of Danaher by 116.7% in the 1st quarter. Union Bancaire Privee UBP SA now owns 142,263 shares of the conglomerate’s stock worth $25,078,000 after acquiring an additional 76,601 shares during the last quarter. Finally, Beaumont Asset Management L.L.C. boosted its stake in shares of Danaher by 15.7% during the 1st quarter. Beaumont Asset Management L.L.C. now owns 3,240 shares of the conglomerate’s stock worth $614,000 after purchasing an additional 440 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DHR has been the topic of a number of recent analyst reports. UBS Group reduced their price objective on shares of Danaher from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Barclays cut their price target on Danaher from $250.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. DZ Bank initiated coverage on Danaher in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $210.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Danaher in a research report on Friday, March 27th. Finally, Argus dropped their target price on Danaher from $265.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.61.

Danaher Price Performance

Shares of NYSE:DHR opened at $195.67 on Friday. Danaher Corporation has a twelve month low of $160.93 and a twelve month high of $242.80. The company’s 50 day moving average is $178.81 and its 200 day moving average is $201.69. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 0.33. The company has a market cap of $138.49 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 2.50 and a beta of 0.81.

Danaher (NYSE:DHR) last announced its quarterly earnings data on Monday, April 20th. The conglomerate reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. Danaher had a net margin of 14.89% and a return on equity of 10.91%. The business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the business posted $1.88 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts forecast that Danaher Corporation will post 8.44 EPS for the current year.

Danaher Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, June 26th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, June 26th. Danaher’s dividend payout ratio (DPR) is currently 30.95%.

Danaher Company Profile

Danaher Corporation (NYSE: DHR) is a global science and technology company that designs, manufactures and markets products and services for the life sciences, diagnostics, and environmental and applied markets. The company organizes its operations into business segments focused on Life Sciences, Diagnostics, and Environmental & Applied Solutions, supplying instruments, reagents, software and related services that support research, clinical testing, biopharmaceutical development, and industrial and environmental monitoring.

Products and services in Danaher’s portfolio include analytical and diagnostic instruments, laboratory consumables and reagents, digital and software solutions for workflow and data management, field and industrial monitoring equipment, and service and maintenance programs.